Summary

Trump had to reverse his aggressive tariff rhetoric after CEOs from Walmart, Target, and Home Depot warned of empty shelves and higher prices due to supply chain disruptions.

Investors reacted negatively to his threats against Fed Chair Jerome Powell, prompting a market sell-off.

Trump backtracked, expressing optimism on a China trade deal and now denying plans to fire Powell.

Global markets remain volatile, and the IMF cited Trump’s trade war as a “major negative shock” to global growth.

  • ikidd@lemmy.world
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    3 hours ago

    Someone showed a display of incoming containers, and May was down almost 50% from last year in May. That’s going to be devastating. Good to see.

  • chiliedogg@lemmy.world
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    5 hours ago

    China shouldn’t give a femtometer.

    Restrict exports to the US until all tarrifs on Chinese goods are lifted. And even then, tarrif US exports just a bit just as a Find Out gesture.

    Make it clear that Trump gains absolutely nothing for all this. Not even a little 1% he can claim as a minor victory. Humiliate him in the eyes of the world and expose him for the worthless negotiator he is.

    • tacosplease@lemmy.world
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      5 hours ago

      As a struggling American, I hope so too. The fucking rural parts of the country need to feel the suffering and understand exactly what caused it.

      • JamesTBagg@lemmy.world
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        5 hours ago

        Eh … if played out like the above comment suggests, with China giving us a little token tariff on US imports to twist the knife, we on the ground won’t be affected. Fuck, we’ll be vastly better off than under the Trump tariffs plans. We all win, he loses.

  • Zero22xx@lemmy.blahaj.zone
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    11 hours ago

    now denying plans to fire Powell

    As an outside observer, one of the funniest things about Trump (and this whole crowd actually) is the amount of just denying things that they do. There is never a single time that they admit fault or the capability to learn and improve. Drunkard clowns like Hesgeth have to be dragged out kicking and screaming for something to be rectified, at which point they’ll just go “Uh, well anyway, here’s the next guy, he’s going to be great! Tremendously bigly!”

    Elon didn’t do that famous hand gesture that we all saw him do twice in a row. Fox News guy didn’t use a 3rd party app for a top secret war chat and didn’t include a journalist in the group. Trump didn’t apply those tariffs or throw unhinged temper tantrums on social media. It’s all just the fake news librul agenda trying to discredit these fine upstanding members of society as usual. And if it’s true - onto the next thing. How about that woke agenda amirite?

    • pulsewidth@lemmy.world
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      6 hours ago

      It gets thrown around a lot but Orwell’s 1984 has a passage, the context in the book is the protanonist realizing specifically about how it is impossible to argue against the fascist party as they happily substitute alternate facts whenever desired, and mandate the loyal adopt them wholesale.

      “The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command.”

      This is the chapter. https://george-orwell.org/1984/6.html

      • bss03@infosec.pub
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        5 hours ago

        “The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command.”

        I actually hate this quote because idiots around me use this thought pattern to reject the results of rigorous scientific studies in favor of their isolated, personal experiences.

        To them, “Science” is an much an authoritarian imposition as “The Party” and “Scientism” is the worst “cult”.

        Yes, your experience is valid. But, it doesn’t trump shared objective reality, which good science reveals.

        • yarr@feddit.nl
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          5 hours ago

          My favorite phenomonon is anti-vaxers and the like saying “Science is hogwash! Ever notice how they just say ‘Trust the science!’? That means it requires faith!” Sure, that’s all well and good, except an actual scientist will NEVER say “Trust the science!” The foundations of science are NOT built on blind trust. It’s built on truth which is established experimentally, which is the opposite of blind trust. It’s very telling that people saying science is flawed are the same folks that don’t understand it.

          It’s largely the same thing as someone saying “Evolution is hogwash. I’ve never seen a monkey turn into a human!” (except evolution doesn’t say that it will either…)

      • flynnguy@programming.dev
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        6 hours ago

        I read 1984… I really liked it but I thought the whole war is peace, freedom is slavery bit was something that no one would really buy. Then Trump took office and I feel like I’m taking crazy pills. I now believe 1984 and don’t question it at all. :(

      • Soup@lemmy.world
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        7 hours ago

        As an adjacent observer(Canada, and we have our own idiots) it’s kinda funny. The US has had so much time and so many resources to not being the removed it is today and they just couldn’t bring themselves, as a country, to get there. Other countries have done way better with less so we know it’s possible.

        So, as much as it is also scary, awful, and just plain garbage, it is a little funny as well.

        • SparroHawc@lemm.ee
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          5 hours ago

          Well, as it turns out, America’s status as an economic juggernaut has always been dependent on keeping our occupied territory as removeds that are terrible for the people who live there, so we can exploit their labor and resources. We learned well from the British Empire. The removedness is just being turned against a larger swath of our population now.

  • SabinStargem@lemmy.today
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    11 hours ago

    Until Trump and Yarvin are hanging by their ankles, I won’t believe that the United States will get better.

  • Ledericas@lemm.ee
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    14 hours ago

    but he isnt reversing any tariffs? he must be really obsessed with them.

    • Soup@lemmy.world
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      7 hours ago

      He bas been, which is the wild part. He’s not saying “oh this was a bad idea, whoops” but he is adding all kinds of exceptions all the time as major corporations tell him how awful they are. Terrified of being seen as weak, so many tariffs will remain but it is really funny watching them scramble to pretend like they aren’t the absolute worst at their jobs.

    • futatorius@lemm.ee
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      13 hours ago

      It’s a simplistic solution and he’s simpleminded, so it’s hard for him to let go of it since all the other approaches are harder.

      • Ledericas@lemm.ee
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        13 hours ago

        yea i know, and conveniently thats around the time the soviet union starting working with him, laundering money through his real estate.

  • flop_leash_973@lemmy.world
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    23 hours ago

    Nothing says “I am the master of making a deal” like having to back off of nearly all of them every time anyone calls your bluff.

    I’ll never see how so many think Trump is one of the smartest people in any room.

    He’s a slumlord, just like his father. It is just unfortunate that the entire country will be his shitty government housing block by the time he gets done with it.

    • Phoenicianpirate@lemm.ee
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      3 hours ago

      People have been calling him the biggest blowhard in the world since he got his first start in the 1970s. Enough people believe him for him to be relevant, sadly.

    • finitebanjo@lemmy.world
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      6 hours ago

      I wish he reversed his “deals” but it looks like he’s only reversing on China? So a big “fuck you” to american manufacturing while also helping our number 1 enemy.

      • frezik@midwest.social
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        4 hours ago

        The whole thing is a giveaway for China to step into America’s role on the world stage. I don’t think that can be undone at this point. It’s obvious that the US is not a stable, rational trade negotiator. Who wants to have their currency reserves under a country like that?

    • Ledericas@lemm.ee
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      12 hours ago

      Trump just allowed Republicans to be racist and bigoted out in the open without censure. They saw how trump doesn’t get much flak for his bigotry

    • CileTheSane@lemmy.ca
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      23 hours ago

      I’ll never see how so many think Trump is one of the smartest people in any room.

      “He’s rich so he must be smart. You have to be smart to get that rich. This must all be part of the plan for the smart rich guy.”

      Mix that in with a ‘Just World Fallacy’ (Good people succeeded and bad People fail. Therefore anyone who has as much wealth and power as Trump must be a good person worth listening to) and you have the people who support Trump.

      • aceshigh@lemmy.world
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        7 hours ago

        Yup. That’s my dad. He’s confused now. He thought musk and Trump were smart because they were very wealthy. He’s finding it hard to understand that these people just inherited their wealth, and they’re able to be visible in the public eye, make money and take risks because of how much they have and not because they’re smart. Their arrogance is funny - Ie: musk unable to find the relationship between his nazi salute, his work at DOGE, and decreasing revenue in Tesla. Never heard of causation.

        • ddh@lemmy.sdf.org
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          14 hours ago

          Way to entrench the status quo benefiting the rich. Get people to believe only the rich are smart and therefore worth listening to.

  • Allonzee@lemmy.world
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    1 day ago

    China should tell us they’ll drop their tariffs by 20% a month until gone barring further impulsive fuckery to dissuade further infantile American shenanigans.

    As an American, someone’s got to be the geopolitical adult in the room, and we don’t qualify.

    • Jax@sh.itjust.works
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      1 day ago

      Why would China do anything that helps us pick ourselves up and onto our feet? This is the goal they and Russia have been working towards for decades.

      • slickgoat@lemmy.world
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        1 day ago

        Nah-uh. No blaming China or Russia on this one. The United States did this squarely to themselves with the world pleading otherwise. They inserted their own head in the vice and started spinning the handle.

        Sure, it aligns with the communist block’s benefit, but the US really needs to be held accountable for its own idiocy on this one. Its the first step in recovery.

        • futatorius@lemm.ee
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          13 hours ago

          it aligns with the communist block’s benefit

          Neither Russia nor China are communist anymore. Russia is run by corrupt capitalists and has been since the 1980s, and the only thing Communist about China is the name of the totalitarian party that runs its government, which consists of a mix of state-funded and private capitalist enterprise.

          • slickgoat@lemmy.world
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            9 hours ago

            Only if you take what I said very literally. The Chinese and the Russians are concluding, I’m sure you would agree.

        • GoodEye8@lemm.ee
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          15 hours ago

          I’m starting to feel like this is a controversial opinion, but maybe the American people should be the ones holding their own government accountable? Interventionism is the worst way to fix a country and I very much doubt it even could be done for a country like America.

          • SabinStargem@lemmy.today
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            11 hours ago

            I am hoping the US splits apart, allowing the red states to destroy themselves. Conservatism is a cancer, and the condition would be easier to excise if it was a solid tumor.

          • slickgoat@lemmy.world
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            14 hours ago

            Difficult to argue against, except America is doing this too us as well, and we don’t get a vote.

            • GoodEye8@lemm.ee
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              14 hours ago

              All the more reason to not do anything about it. Let America implode and their interventionist power also takes a hit.

        • Taleya@aussie.zone
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          19 hours ago

          It’s been fucking wild as a resident of a non-us country seeing some of the commentary coming up. We must radical empathy! How dare other countries take advantage of X Y or Z? The shoe is on the other foot, and by GOD is it a problem if anyone but the US starts doing what the US has been doing to everyone else on the planet my entire freakin’ life

          We all know they’re propaganda riddled exceptionalists but goddaaaamn. Need to learn to accept cause, effect and consequence

        • Ledericas@lemm.ee
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          13 hours ago

          russia maybe, because putins directing trump to do this, more or less it helps russia in the long run.

        • CileTheSane@lemmy.ca
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          23 hours ago

          Trump provided China an excellent excuse to start a trade war and look like the heroes while doing it. This is absolutely Trump’s fault, but China has no reason to not take full advantage of it.

          • slickgoat@lemmy.world
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            23 hours ago

            That’s true. The US has been interfering in other country’s domestic affairs for decades. Organising the odd coup, overthrowing elected leaders. Suddenly people are shocked to learn that it can work both ways.

            A country with strong democratic institutions are pretty resilient to these tactics. You might not trust the politicians, but you trust the officials, the military and the courts.

            It seems that the US has dismantled trust in these institutions for a long time. It has let corporations run the show. So Russia and China have an easier task.

            • futatorius@lemm.ee
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              13 hours ago

              A country with strong democratic institutions are pretty resilient to these tactics.

              That’s a bit tautological, like “It they could break it, it needed fixing anyway.”

              And that’s a bit too much like “If Hitler could invade France, it’s the French’s fault for not fighting back harder.”

              Russia has been at war against the American people since Putin and traitorous US oligarchs imposed Trump on us in his first term. It’s victim-blaming to say that’s the American people’s fault.

              • Tiger666@lemmy.ca
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                12 hours ago

                Ah, yes, the famous denial of fascists in your own country.

                YOU VOTED IN TRUMP WITH A MAJORITY KNOWING HE IS FASCIST.

                This is squarely the fault of the American people. Lack of education and political will might be to blame, but to say that you are victims is such a farce that I don’t believe you live in reality.

        • Jax@sh.itjust.works
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          1 day ago

          Oh so we’re denying that Russia and China led disinformation campaigns squared solely at disrupting American politics for decades? Are we also ignoring the Murdochs from Australia?

          Just wanted to get that straight before I started saying whatever the fuck I want.

          • shawn1122@lemm.ee
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            16 hours ago

            The embarrassing thing is a lot of that disinformation was shared on social media networks that were created in the US.

            Creating the tool that your enemy uses effectively against you is not a good look.

          • Ledericas@lemm.ee
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            13 hours ago

            i believe russia be to blame, it kinda obvious weakeaning america helps putin, it has been his goal for 10years,.

            • futatorius@lemm.ee
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              13 hours ago

              it has been his goal for 10years

              Trump was getting fat on Russian mob money since the 1980s, probably as a reward for him ratting out the Italian mob to Giuliani, which created expansion opporunities for the Bratva.

          • Aussiemandeus@aussie.zone
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            23 hours ago

            Mate, the Murdoch’s? America’s lap dog newspaper moguls.

            They’re you’re mouth piece of shit trying to force Australia to be more like you sepppos

                • futatorius@lemm.ee
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                  13 hours ago

                  Murdoch has never served the interest of any state. He has relentlessly pursued his agenda, which is to undermine the centrist quasi-democracies in English-speaking countries and to promote nationalist authoritarianism.

              • Taleya@aussie.zone
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                19 hours ago

                And bailed his citizanship the instant the US proved more likely to give him the easily manipulated press he wanted

          • slickgoat@lemmy.world
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            24 hours ago

            I don’t see anybody stopping you from saying anything you want to say, so stop playing the victim.

            Trump is a uniquely American problem. You guys either elected him, or didn’t care enough to vote. Shit, his popularity is still almost 50% now even after he destroyed the economy.

            Your argument is that the American people are so stupid that they were manipulated by foreign actors (TWICE) into electing an obvious fuckwit.

            Well, ok, if you insist,

            • futatorius@lemm.ee
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              13 hours ago

              Your argument is that the American people are so stupid that they were manipulated by foreign actors (TWICE) into electing an obvious fuckwit.

              You underestimate the power of propaganda.

              • slickgoat@lemmy.world
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                9 hours ago

                And you underestimate the disadvantage of an uninformed and disinterested electorate, a politically chosen Supreme Court and a political system co-opted to serve corporate interests.

              • Taleya@aussie.zone
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                17 hours ago

                Hahahha fucking scomo got lower than that, and his chief crime was being an unlikeable cunt and about half as incompetent. jesus christ america where the fuck are your heads

          • Allonzee@lemmy.world
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            24 hours ago

            And they do it to their citizens too…

            …And we do it to other countries and we do it to our citizens.

            You can’t condemn another country for what we’ve been actively doing considerably longer than them having never stopped credibly. Our house is made of that candy glass they use in movies in this particular arena.

            The oligarchs and their increasingly captured government, including both parties, have been poisoning us against anything that isn’t hyper-capitalist greed enabling from the great depression to the McCarthy witch hunts into today. Very few Americans could define socialism or communism in any sense with a gun to their heads, but they’ve been misinformed into being filled with hate and/or dread when they’re uttered.

            Name one world superpower that doesn’t actively engage in mass disinformation campaigns both within and without, I’ll wait. I’d also argue that like our general military, we certainly spend the most on our global Orwell machine. Our CIA, along with the KGB, are the OG playbooks other nations refer to when doing it themselves.

            • Jax@sh.itjust.works
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              24 hours ago

              How does that make any of it right? And how does it negate my point?

              So far you’ve said a lot of obvious things, none of which refute my point that this end is what Russia and China have been working towards.

              • Allonzee@lemmy.world
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                I’m saying that you can’t credibly go “you… You fucking shot me! What the fuck?!” at someone who shot you because you shot them a few seconds prior to that.

                It doesn’t make it right. It’s wrong. But it’s also a non-sequitur for a serial killer to condemn another serial killer over the sanctity of life.

                As an American, Americans have no business condemning other nations about misinformation campaigns until we clean our fucking house up and provide reparations to those both within and without who were hurt by our misinformation campaigns.

                • Rhoeri@lemmy.world
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                  23 hours ago

                  So what you’re saying is, because America’s government is doing shady shit, American citizens have no right to call out other countries for the shady shit they’re doing?

                  Since you like your weird conversational analogies, that’s like you saying;

                  “China gets to shoot whoever the fuck they want because other countries have shot people!”

                  Two wrongs don’t make a right. It’s a dumb argument. Stop doing it.

                • Jax@sh.itjust.works
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                  22 hours ago

                  Huh? I’m the American government now? I reserve the right to condemn any government, anywhere, for reason. Especially when they make choices without my consent.

                  You speak emotionally, betraying that you know very little about the problems that truly need to be solved.

  • Phoenixz@lemmy.ca
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    21 hours ago

    Yeah maybe but now FUCK YOU. You started the tarrif war, I fucking demand that all world leaders finish it. Let there be empty shelves, let the USA go fucking bankrupt let all Americans lose their 401k or whatever the hell it’s called there. Let them suffer. You voted trump, or you allowed him to come in, he’s ALL yours now. Let him ruin the country, let him ruin all american lives.

    The teade war should not stop until a revolution kicks in that will land his fat neck on a guillotine.

    Once the Americans have cleaned house and basically have gone back to a real democracy (not the shit they’ve been doing for the past decades) we van talk about a truce.

    Ubtil then: suffer the consequences of your own actions as you rained them down on the entire world, you insufferable assholes *

    • This may not apply to all Americans but definitely the majority at this point
  • doug@lemmy.today
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    1 day ago

    Kennedy was assassinated for less. This man has fucked with some higher powers’ money I’m surprised they haven’t ousted him for a canon slightly less loose, but I suppose he is quite the distraction.

  • pageflight@lemmy.world
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    1 day ago

    I hope the repercussions land on Trump and his cronies, and but just on this particular show of global bullying around tariffs.

    • gravitas_deficiency@sh.itjust.works
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      The thing is that real damage has already been done. Trust that was built over the course of - without exaggeration - most of a century has been squandered by imbecilic and ham-handed “move fast break things” tactics. Trust is very fickle, and the gain/loss dynamic is completely asymmetrical: it takes ages to build, but can be destroyed in an instant. And the recovery phase is always going to be slower than the initial build, and it generally doesn’t ever reach as high as was before the initial betrayal, because, you know, people remember things.

      • TooManyFoods@lemmy.world
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        But it’s the kind of damage they can try to throw a blanket over, so his supporters can deny it. They’ll never go to other countries, or understand the moments when that trust could have helped. They’ll be detached until someone else is in charge (if it happens) then pull the blanket off to blame others. Like the past 40 years. The empty shelves though. That hits now, and people denying it won’t be for long. They won’t survive.

          • dhork@lemmy.world
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            1 day ago

            But they don’t mind the pain, as long as they think it is hurting people they hate more.

        • JuxtaposedJaguar@lemmy.ml
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          The reverse is also true: Trump/MAGAs took credit for the stock market gains when Trump was first elected, but then blamed Biden for the stock market crash after Trump took office.

          Basically MAGAs said that Biden ruined the economy but no one realized until after Trump started running the country. Schrödinger’s Recession, I guess.

      • tipicaldik@lemmy.world
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        1 day ago

        you know, people remember things.

        except actual americans… we can’t seem to remember shit past that last 20 second tiktok thing

      • asg101@lemmy.blahaj.zone
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        1 day ago

        You talk as though trusting the USA is a good thing, something to be regained. The U.S. is and always has been a genocidal, slave-owning, patriarchal oligarchy that masquerades as a “democracy”. I am actually quite happy to see tRump destroy the U.S. standing in the world, he has done more to destroy the evil empire in 4 months than anyone else in its entire history. It truly is a glorious thing.

          • asg101@lemmy.blahaj.zone
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            11 hours ago

            Oh no! A multi polar world, what will become of us if we don’t have big daddy USA (or actually the oligarchs that own and operate it) telling us all what to do? And what we can’t do, and who dies for their profit.

          • ubergeek@lemmy.today
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            11 hours ago

            So, you’re biggest issue is other nations might step up to replace the Imperial States of America?

              • ubergeek@lemmy.today
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                8 hours ago

                Why? Its not like the US is much better than either… All three nation states are rather evil.

                I guess the best could be said about China, because at least they don’t generally engage in genocide as commonly as the other two.

    • Nyticus@kbin.melroy.org
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      If the track record of Republicans who ever got reprimanded, faced consequences or were jailed says anything for you…

      Trump is going to get away with all of this. He’s been impeached twice. He’s a convicted felon. He’s going to die comfortably somewhere while his shitstain heirs will try to retake what they feel is “rightfully theirs” which is positions of power.

      Republicans will destroy, destroy and destroy. We get Democrats who come in, clean up some of the mess but strangely make you wonder why they hadn’t cleaned up all of it. Besides slow moving and how long it takes to build. They aren’t going to outright oust corrupt people as they should for the damage they caused. They only are somehow retained. People thought DeJoy was going to be thrown away when Biden got in, nope, he remained and got to comfortably step down. Just as an example.

      The wonderful fucking political circus at work.

  • Wilco@lemm.ee
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    1 day ago

    We are going to hate this president until the day he dies, then many of us will be making plans on how to best piss on his grave. That’s not a metaphor. Logistical discussions reveal that in order to avoid an indecent exposure charge a bottle must be used to hold and pour the piss.

    • madjo@feddit.nl
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      6 hours ago

      They’ll probably hang up security cameras and send whomever does it to a prison in El Salvador (once you open that door, it’s not going to get closed, just look at fucking Quantanamo Bay)

      • Wilco@lemm.ee
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        23 hours ago

        I’m not even kidding. I will wear a damn MAGAT hat if it gets me close enough to do it. I’m also not going to just hit grass, that masoleum/tombstone is gonna smell like piss.

  • ToiletFlushShowerScream@lemmy.world
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    1 day ago

    Tariffs were never meant for anything other than using the us economy to force other countries to bend the knee to Trump himself. Convince me I’m wrong.